Finance – Page 126
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NewsJDW Q1 lfls up 5.5%
JD Wetherspoon has reported a 5.5% rise in like-for-like sales in the 13 weeks to 28 October.
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NewsLion in talks to back Ramsay
Lion Capital, the private equity backer of Loungers, is in talks to back Gordon Ramsay’s restaurant group, MCA has learnt.
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Fulham Shore reports on “successful” H1
Fulham Shore has given a sparse update on the six months to 23 September ahead of the full interim results announcement next month.
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NewsPrezzo reports loss of £65m after closures
Prezzo has reported an operating loss of £65m the year to 31 December 2017.
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NewsYard & Coop launches Kickstarter
Yard & Coop, the fried chicken restaurant concept, is crowdfunding on Kickstarter to support the launch of a third site.
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NewsGoldex sells 14 Costa franchise sites to AM Coffee Holdings
Goldex Investments Limited has sold 14 of its 60 Costa Coffee franchise site to AM Coffee Holdings, in a multi-million pound deal.
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NewsAnalysts corner: Peel Hunt on TRG/Wagamama
Peel Hunt analysts Douglas jack and Ivor Jones have expressed “considerable doubts” about The Restaurant Group (TRG)’s plans to acquire Wagamama.
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NewsShareholders back Patisserie Valerie rescue plan
Shareholders in the parent company of Patisserie Valerie yesterday backed the board’s plan for a £15.7m placing.
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NewsRule of Tum crowdfunding to open two new concepts
A Rule of Tum Group is looking to source £400k of investment on Crowdcube in order to open two new concepts.
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NewsJust Eat records first ever million-order weekend
Online delivery platform Just Eat saw group orders grow 16% to 30.3 million in the third quarter to 30 September.
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NewsScott rules out bid for Patisserie Valerie
David Scott, the former chief executive of Druckers, has issued a statement to the stock exchange denying any attempt to make a takeover bid for Patisserie Holdings.
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NewsShepherd Neame agrees new £107.5m financing structure
Shepherd Neame has announced a new and extended financing structure giving it access to £107.5m, which allows it to “take advantage of any opportunities that may arise over the next few years”.
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NewsLuke Johnson under pressure to step down from audit committee
Luke Johnson is under increasing pressure to step down from Patisserie Holdings’ audit committee, ahead of a shareholder meeting tomorrow, The Times has reported.
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NewsAnalysts corner: Barclays on Wagamama sale
Following the news that The Restaurant Group (TRG) has set the wheels in motion to acquire Wagamama, Barclays lends its thoughts on the subject, and warns the brand not to go changing.
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NewsAnalysts corner: Berenberg on Ei Group
In advance of Ei Group’s full year figures next month, analysts at Berenberg share their views on the pub company, and suggest it may be ‘stock worth dusting off again’.
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NewsIntu extends takeover bid deadline
Shopping centre landlord Intu has agreed an extension to the deadline for a consortium led by its largest shareholder, John Whittaker, to make a takeover bid.
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NewsTRG gambles big on Wagamama deal
The Restaurant Group (TRG) chief executive Andy McCue has rolled the dice and landed on Wagamama – arguably the UK restaurant sector’s best-in-class concept. It is a gamble that many would argue the Frankie & Benny’s operator had to take, but – with TRG’s shareholder still to OK the deal – what does it mean for both businesses and for the wider sector, asks Mark Wingett.
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NewsNewRiver disposes of 22 community pubs in £14.8m deal
NewRiver has disposed of a portfolio of 22 community pubs to a private equity investor, in a deal worth £14.8m.
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NewsAnalysts corner: TRG’s acquisition of Wagamama
Following the news this morning that The Restaurant Group is to acquire Wagamama, we round-up some of the latest analysts’ reaction on the deal, including Shore Capital, Goodbody, Berenberg and JP Morgan.
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NewsGBK lfls fell 9.7% in H1; Wimpy revenue up 13.6%
Gourmet Burger Kitchen (GBK) saw like-for-like (lfl) sales fall by 9.7%, compared to a 3.2% seen in 2017, in the 26 weeks to 26 August 2018.